All was ready to move into my new home in Petersham next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not unique to conveyancing in Petersham.
I am thinking of refinancing my home in Petersham, does my lawyer have to be on the Skipton Solicitor panel?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The solicitors who did the conveyancing in Petersham 10 years ago are no longer around. Will I be able to sell the house?
You no longer need to have the physical official documentation to evidence that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
My company is looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-move-no fees for non-domestic conveyancing in Petersham for below £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Petersham, including the disposal and purchase of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the fees this will depend on the structure and terms of the proposed transaction. Please provide us with your contact information or email us so that we can supply you with a fixed commercial conveyancing calculation.
My husband and I are first time buyers - agreed a price, yet the selling agent told us that the seller will only proceed if we instruct their recommended conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in Petersham
We suspect that the seller is not behind this demand. Should the owner want ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Petersham conveyancing lawyers - not the ones that will earn their negotiator at the agency a referral fee or hit his conveyancing targets pre-set by head office.
All being well we will complete the sale of our £375,000 maisonette in Petersham next Monday. The managing agents has quoted £360 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Petersham?
Petersham conveyancing on leasehold maisonettes often necessitates the purchaser’s lawyer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to address such questions most will be willing to do so. They are at liberty to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is £350, in some transactions it is above £800. The administration charge demanded by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, without which the charge is not strictly payable. In reality one has little option but to pay whatever is requested of you if you want to exchange contracts with the buyer.
I am the registered owner of a second floor flat in Petersham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
in cases where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to judgment on the price.
An example of a Lease Extension decision for a Petersham residence is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The unexpired term was 60.45 years.